Lesson #2: Trendlines & Captions
Draw a Trendline
For an up-trend:
- Select Draw >> Autofit Trendline on the chart menu or
on the toolbar - Drag your mouse below the price bars for an up-trend
- Or drag your mouse above the price bars for a down-trend
- Select Closing Price for long-term charts or Highs/Lows for short-term (less than 6 months)
- The trendline will automatically fit to price bars in the selected time period
Right-click on the trendline to edit its properties.
Click on the trendline to drag it to a new position.
Click on the anchor at either end to drag that end only.
Draw a Standard Deviation Channel
This fits a linear regression line to selected data, with channel lines normally at 2 standard deviations on either side (enclosing roughly 95% of the data).
- Select
on the Draw toolbar - Click on the chart and drag across the selected time period
- Select the number of standard deviations (normally 2.0)
Add a Caption
- Select Draw >> Caption or
on the toolbar - Click on the chart to place the Caption.
- Add a Caption Marker (1 above) or leave blank if you want the captions to number sequentially
- Add a detailed Caption (2 above) that displays on mouse-over
